Rip Cars vs Tether

Tether (USDT) is 31503.0× the size of Rip Cars (CARS) by market capitalisation. Over the past 30 days, CARS is ahead by 199.7 percentage points (CARS +199.7% against USDT -0.1%). Their daily returns move barely in opposite directions (correlation -0.06 across 28 shared trading days). CARS has been the more volatile of the two, at 284% annualised against USDT's 1%.

Correlation: -0.06
Size ratio: 1 : 31503.0
Ahead over 30 days: CARS

Rip CarsCARS

$0.219230

24h: +3.24%
Market cap: $5.66M
Volume 24h: $22,898
Volatility (ann.): 284%

TetherUSDT

$0.998905

24h: +0.03%
Market cap: $178.18B
Volume 24h: $49.52B
Volatility (ann.): 1%

CARS 0.0%Share of the two combined market caps100.0% USDT

Performance

CARSUSDT

7 days+114.51%+0.03%CARS
30 days+199.65%-0.08%CARS

Correlation

-0.06over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	CARS	USDT
Max drawdown (400d)	-37.7%	-0.2%
Risk-adjusted return (90d)	0.87	-0.03

Relative strength over 90 days: CARS outperformed USDT by 246.4% — measured on the CARS/USDT ratio, so it holds regardless of market direction.

Rip Cars →Tether →